Alabama Power Dividends Declared

The board of directors of Alabama Power Company has announced regular quarterly dividends on preferred stock, effective for the quarter ending December 31, 2021.

Rhea-AI Summary

The board of directors of Alabama Power Company has announced regular quarterly dividends on preferred stock, effective for the quarter ending December 31, 2021. The dividends include: 4.20% at $1.05, 4.52% at $1.13, 4.60% at $1.15, 4.64% at $1.16, 4.72% at $1.18, and 4.92% at $1.23 per share. Class A Preferred Stock dividends will be at 5.00% or $.3125 per share. Payment is scheduled for January 1, 2022, to shareholders recorded by December 17, 2021. Alabama Power serves approximately 1.5 million customers in Alabama and is a subsidiary of Southern Company (NYSE:SO).

Positive

• Regular quarterly dividends demonstrate stable income for shareholders.
• Dividends range from $1.05 to $1.23 per share for various preferred stocks, indicating strong financial health.

Negative

• None.

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In the trading session that priced this news, SO gained 0.66%, reflecting a mild positive market reaction.

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BIRMINGHAM, Ala., Oct. 13, 2021 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:

Preferred Stock

($100 Par Value)

4.20% - $1.05 per share

4.52% - $1.13 per share

4.60% - $1.15 per share

4.64% - $1.16 per share

4.72% - $1.18 per share

4.92% - $1.23 per share

Class A Preferred Stock

($25 Capital Value)

5.00% - $.3125 per share

These dividends are for the quarter ending December 31, 2021, payable January 1, 2022, to shareholders of record on December 17, 2021.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to 1.5 million customers across the state. Learn more at www.alabamapower.com.

View original content:https://www.prnewswire.com/news-releases/alabama-power-dividends-declared-301399434.html

SOURCE Alabama Power Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Alabama Power Company for preferred stock?

The declared dividends range from $1.05 to $1.23 per share for different preferred stock classes.

When will Alabama Power Company pay dividends?

Dividends will be paid on January 1, 2022.

What is the record date for receiving dividends from Alabama Power Company?

The record date for receiving dividends is December 17, 2021.

How often does Alabama Power Company declare dividends?

Alabama Power Company declares dividends quarterly.